DTE Energy Company (NYSE:DTE) Given Average Recommendation of “Moderate Buy” by Analysts

DTE Energy Company (NYSE:DTE) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $147.6923.

DTE has been the subject of several recent analyst reports. Wall Street Zen upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. UBS Group lowered their price objective on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Jefferies Financial Group upped their target price on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company decreased their price objective on shares of DTE Energy from $157.00 to $152.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, Barclays dropped their target price on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th.

Institutional Investors Weigh In On DTE Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after purchasing an additional 766,499 shares during the period. Capital Research Global Investors lifted its position in shares of DTE Energy by 3.1% in the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after buying an additional 379,443 shares during the last quarter. State Street Corp boosted its holdings in shares of DTE Energy by 2.3% in the 3rd quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock valued at $1,540,000,000 after buying an additional 247,747 shares during the period. Capital World Investors grew its position in shares of DTE Energy by 5.9% during the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after buying an additional 552,346 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in DTE Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock worth $718,668,000 after acquiring an additional 117,322 shares during the period. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Stock Up 1.4%

Shares of DTE Energy stock opened at $139.81 on Thursday. The company has a fifty day moving average price of $132.12 and a 200 day moving average price of $136.04. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. DTE Energy has a twelve month low of $122.85 and a twelve month high of $143.79. The stock has a market cap of $29.03 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.53 and a beta of 0.49.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is currently 69.97%.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.